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Contact: Jennifer A. Galloway, Chief Communications Officer
             (703) 797-6600
             jgalloway@msrb.org

MSRB REQUESTS COMMENT ON CONSOLIDATED REGISTRATION RULE 

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) is requesting comment on a proposal to consolidate its multiple registration requirements and forms for municipal securities dealers and municipal advisors.

MSRB rules require firms under its regulatory jurisdiction to register with the MSRB and provide certain identifying and contact information before engaging in municipal securities and advisory activities. As part of its ongoing effort to streamline existing rules, the MSRB proposes consolidating all registration requirements into a single Rule A-12 and electronic registration Form A-12.

The MSRB proposal simplifies the registration process to make it easier for municipal securities dealers and municipal advisors to identify, understand and comply with MSRB registration requirements. The proposal also improves the efficiency with which the MSRB collects necessary information about regulated entities.

Comments should be submitted to the MSRB no later than September 20, 2013.

The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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